ASC 6.67% 1.6¢ adultshop.com limited

Valued at 76c-$1.90 - trading at 36 cents

  1. 1,263 Posts.
    I have found one of the valuations for ASC and am pasting below.

    Can see figures value ASC between 76 cents and $1.90, depending mainly on the premium placed on growth.

    As mentioned earlier, I was out of ASC for a few days just based on charts, but being out of a such a blatantly undervalued compmay was unnerving and back in possibly earlier than I would be just based on charting.

    I look forward to anyone disputing the conclusion below, but apreciate it if replies are based on figures or analysis, not speculation, gut feelings or sour grapes. I think any real analysis of ASC's performance over the last 18 months would be hard pressed to value the co below $1.00 in medium term.

    Be interesting when the quarterly is released...

    ASC done well today but I still believe its just playing catchup.

    Here is some research that I read elsewhere which seems to confirm what I believe...the poster was aimsforsimon. It is a bit much to read so skip to the last line for the good bit. Anyone have any comments or can fault those figures on what ASC is worth at the moment?

    VALUATION


    ASC
    Price 0.36

    Shares 305,320,860 305,320,860
    ASCOA 14,838,060 0.20 14,838,060 2,967,612
    ASCOB 50,000,000 1.00 -
    ASCOC 24,330,071 1.75 -
    Total 320,158,920 2,967,612

    Unlisted
    10,000,000 0.20 10,000,000 2,000,000
    5,000,000 0.40 - -
    5,000,000 0.60 - -
    5,000,000 0.80 - -
    3,000,000 1.00 - -
    6,000,000 0.75 - -
    1,000,000 1.00 - -
    4,730,000 0.20 4,730,000 946,000
    1,660,000 0.24 1,660,000 398,400
    1,660,000 0.28 1,660,000 464,800
    Total 338,208,920 6,776,812

    FY02 FY03
    Market Cap (Fully Diluted) 121,755,211 121,755,211
    Net (Debt) / Cash 17,600,000 41,600,000
    Enterprise Value 104,155,211 80,155,211

    EBITDA 40,000,000 60,000,000
    EV/EBITDA 2.60 x 1.34 x

    Target Multiple 6.00 x 10.00 x

    Enterprise Value 240,000,000 600,000,000
    Net (Debt) / Cash 257,600,000 641,600,000

    MARKET CAPITALIZATION $0.76 $1.90
 
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